Effect of demand response on residential energy efficiency with direct load control and dynamic price control

A flexibility product for electric water heater aggregators on electricity markets

“…Load management or demand response (DR) consists in controlling flexible loads to compensate for fluctuation in generation. Much research has focused on quantifying the DR potential for peak reduction and load shifting, e.g., by reducing the peak on hot days [20] or by energy sharing among prosumers [3]. Projects such as PowerShift Atlantic [28] have demonstrated that this is both technically possible and economically promising.…”